Question

Jyoti  Ltd incurred loss in the current  financial year  first half of FY2 6 ; however, it wants to declare  interim  dividend. What is the maximum rate of dividend it  can  declare if the dividend declared by  Jyoti  Ltd in the last 5 years was as follows?   FY2 5  – 20%   FY2 4  – 19%   FY2 3  – 18%   FY2 2  – 18%   FY 21  – 23%

A 20%
B 19%
C 18.75%
D 19.6%
E 23%
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